WND VIDEO

Obama: I didn't understand how bad debt was

'This recession turned out to be a lot deeper than any of us realized'

Published: 02/15/2012 at 12:54 PM

(REALCLEARPOLITICS) — In an interview with Atlanta’s local Fox affiliate WAGA-TV President Obama explains why he was unable to cut the deficit in half in his first term, a promise he made as a candidate.

Obama was lobbed the question by a sympathetic reporter who said he is getting “pelted in the media” for making a campaign promise he did not keep.

“Well we’re not there because this recession turned out to be a lot deeper than any of us realized,” Obama said about his inability to cut the deficit in half.